AEC Software Landscape TMT [email protected]
Total Page：16
File Type：pdf, Size：1020Kb
HW AEC Software Introduction HARRIS WILLIAMS (“HW”) HW TECHNOLOGY, MEDIA & TELECOM (“TMT”) GROUP • 25+ years and more than 1,000 closed transactions • 35+ professionals across Boston, San Francisco, and London • 350+ professionals across eight office globally • 170+ closed transactions in the last 24 months KEY THEMES • 10 industry groups ✓SaaS / Cloud ✓Data & Analytics ✓Digital Transformation ✓A.I. / Machine Learning HORIZONTAL FOCUS AREAS VERTICAL FOCUS AREAS FOCUSED ADVISORY SERVICES • Application Software • Architecture, Engineering, and Construction Software • Mergers and Acquisitions (M&A) • Cloud Managed Services and Hosting Solutions • Education Technology and Services • Capital Raises • Compliance Solutions • Energy Technology • Corporate Divestitures • CRM and Marketing Automation • Facilities and Real Estate Software • Human Capital Management • Financial Technology and Payments • Infrastructure and Security Software • Government Technology CONSISTENT RECOGNITION FOR QUALITY • IT and Tech-Enabled Services • Healthcare IT • Marketing, Research, and Insights Services • Industrial and Supply Chain Technology • Internet and eCommerce • Retail Technology HW ARCHITECTURE, ENGINEERING, AND CONSTRUCTION TEAM TECHNOLOGY, MEDIA & TELECOM GROUP BUILDING PRODUCTS & MATERIALS GROUP Tyler Dewing Thierry Monjauze Priyanka Naithani Michael Hogan Tim Webb [email protected] [email protected] [email protected] [email protected] [email protected] Office: +1 617-654-2133 Office: +44 20 7518 8901 Office: (617) 654-2115 Office: (804) 915-0104 Office: (804) 915-0128 Julien Oussadon Ryan Costa Graham Rives [email protected] [email protected] [email protected] Office: +44 20 7518 8909 Office: (617) 654-2120 Office: (804) 887-6055 SELECT HW made a strategic has been acquired by has been acquired by has been acquired by has been acquired by has been acquired by has been acquired by AEC investment in EXPERIENCE 1 HW Current Market Observations and Insights CURRENT MARKET OBSERVATIONS LATEST HW MARKET INSIGHTS Economic Outlook For access to HW’s latest insight and perspective, email us at [email protected] or visit • Volatility in the public markets will likely remain as investors, businesses, and policy- www.harriswilliams.com/news-insights makers evaluate rapidly evolving COVID-19 developments • Economists and industry analysts expect a meaningful decline in GDP in Q2 and Q3, though they debate the shape and timing of the recovery Buyer Sentiment Recent Publications: • The desire to invest remains – buyers are actively seeking to deploy capital Global Consumer Businesses Consider • Private equity firms and strategic acquirers have focused on meeting near-term Emergence from COVID-19 operational needs and assessing the medium- to long-term impact of COVID-19 • Despite economic uncertainty, financial sponsors have record levels of capital to deploy, M&A Learnings from Past and many are communicating that they are “open for business,” while acknowledging Economic Disruptions high-quality deal flow will be limited • As capital markets stabilize, companies with strong liquidity positions will be well- COVID-19 and M&A: positioned to pursue acquisitions that accelerate growth Insights from Asia Debt Markets • In contrast to the first half of 1Q’20, debt markets have shifted to a risk-off mentality Deep Sector Expertise Across Key TMT Focus Areas • Concerns over liquidity and funding availability contribute to uncertainty regarding the duration of the COVID-19 risk mitigation focus • Architecture, Engineering, and Construction • Education Technology and Services M&A Valuations • Financial Technology and Payments • Healthcare IT • COVID-19 has pushed time lines for many transactions, but select deals are still closing • Industrial and Supply Chain Technology successfully. Some may be temporarily on hold, and others are preparing for market and • carefully weighing timing …and more • Companies that prove their ability to weather the current circumstances will receive For access to HW’s TMT content, email us at significant interest and garner premium valuations [email protected] 2 Case Study: ComputerEase HW recently advised ComputerEase on its sale to Deltek, a subsidiary of Roper Technologies. TRANSACTION OVERVIEW ComputerEase is a leading provider of mission-critical construction accounting, project management, and payroll processing solutions that enable contractors to manage and gain real-time visibility into their company’s operations and financial performance – whether in the office or remotely in the field. ComputerEase’s fully integrated, cloud-based solution is purpose built to meet the unique needs of diverse has been acquired by contractor trades and sizes, with complex and varying union, labor, and equipment requirements. Today, more than 6,000 contractors rely on ComputerEase to streamline their operations and increase profits. Deltek is a leading global provider of enterprise software and information solutions for project-based businesses. More than 23,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management, and collaboration. The company’s industry-focused expertise powers project success by helping firms achieve performance that maximizes a subsidiary of productivity and revenue. RELEVANT SUB - SECTORS ARCHITECTURE, ENGINEERING, ERP / PROJECT MANAGEMENT SAAS AND CONSTRUCTION SOFTWARE HW DEAL CONTACTS Tyler Dewing Priyanka Naithani Scott Reinig Ryan Costa Managing Director Director Director Vice President [email protected] [email protected] [email protected] [email protected] 617-654-2133 617-654-2115 617-654-2113 Office: (617) 654-2120 3 Case Study: IQMS Software HW advised IQMS, a portfolio company of Technology Crossover Ventures and Banneker Partners, on its sale to Dassault Systemes. TRANSACTION OVERVIEW IQMS is a leading provider of fully integrated software solutions that manage, optimize, and automate production operations and back-office workflows for manufacturers across diverse end markets, globally. Through its comprehensive manufacturing execution system (MES) and enterprise resource planning (ERP) a portfolio company of software platform, IQMS’ solutions provide manufacturers with a comprehensive end-to-end suite that provides real-time visibility and actionable insights throughout the manufacturing life cycle. IQMS serves over 1,000 long-standing customers across diverse end markets, including automotive, medical, packaging, consumer goods, electronics, and aerospace and defense in a growing $35 billion global market. AND Dassault Systemes will help IQMS expand its customer base by leveraging the presence in the mid-market space established through Dassault’s SOLIDWORKS applications, which are delivered and supported by the company’s Professional Solutions global partner channel. has been acquired by RELEVANT SUB - SECTORS MANUFACTURING & OPERATIONS MANUFACTURING ERP SOFTWARE INDUSTRIAL IOT HW DEAL CONTACTS Tyler Dewing Thierry Monjauze Erik Szyndlar Andy Leed Managing Director Managing Director Managing Director Director [email protected] [email protected] [email protected] [email protected] 617-654-2133 +44 20 7518 8901 415-217-3418 415-217-3420 4 What We’re Reading AS CORONAVIRUS NECESSITATES TECHNOLOGY USAGE, INVESTORS SEEM KEEN ON CONTECH Construction Dive April 8, 2020 Investor sentiment among construction technology (contech) focused venture capital and private equity firms remains high, despite recent government-imposed limitations on construction activity. Many contractors are turning to tech to manage employees working remotely and turning to drones and robotic solutions to help with social distancing. Field focused contech firms may struggle in the near term, while solutions that deliver efficient workflows and back-end design and engineering are currently well positioned. Read the full article here. CONSULTANT PREDICTS A POST-CORONAVIRUS 'CONSTRUCTION TSUNAMI' Construction Dive April 2, 2020 As the coronavirus has led to major supply chain disruptions in goods sourced from China, U.S. businesses will likely be hesitant to resume orders from this part of the world. This dynamic will lead to a surge in demand for new manufacturing- and supply chain-related projects as the country looks to re-shore manufacturing ability in the U.S. and Mexico. Pent-up sector-wide demand from current construction shutdowns will lead to a “construction tsunami” beginning in Q3 2020. Additionally, an expansion of the design-build delivery model could help deal with fast-moving situations like the coronavirus, where solving problems requires a team approach, flexibility, and fast decision making. Read the full article here. CORONAVIRUS 2020 TECHNOLOGY GAME PLAN: CUT COSTS TO SURVIVE BUT ACCELERATE TRANSFORMATION Construction Dive April 1, 2020 In the wake of the COVID-19 outbreak, companies are focusing on executing two distinct technology strategies: during and post-pandemic. In the near term, demand for cloud- based services has spiked, though IT services have declined sharply as IT projects have largely been put on hold. Risk mitigation has become the top priority as companies will focus on slashing budgets, but based on Gartner’s received inquiries, there is no change in appetite for talking about cloud migration. Those companies that are midway through cloud migration